|Title: ||Employee roles in governance: contrasting the UK and German experience|
|Citation: ||Corporate Governance: International Journal of Business in Society, 4(4): 16-28|
|Journal: ||Corporate Governance: International Journal of Business in Society|
|Issue Date: ||2004 |
|Additional Links: ||http://www.ingentaconnect.com/content/mcb/268;jsessionid=fdaf1pc19csm9.alice|
|Abstract: ||The paper examines the role of employees in governance. The paper highlights from a theory basis that employee and shareholder utilities can be coincident. However, it shows that corporate practice with respect to employee involvement in governance and decision-making is diverse. The paper draws out the contrast in approaches between the Anglo-American and the German approach to employees by detailing differences in employee power, career patterns, ownership patterns and legal obligations. These lead to enactment of a different structural and cultural governance systems; which are encapsulated in the unitary board structure of the UK and the two-tier German approach. The strengths and limitations of the unitary board and two-tier boards are highlighted, and the case for convergence examined.|
|Keywords: ||Employee participation|
|Appears in Collections: ||Management Research Centre |
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